Accounting question and answers for August 14, 2023
- Q A substantial portion of inventory owned by Prentiss Sporting Goods was recently destroyed when the roof collapsed during a rainstorm. Prentiss also lost some...
- Q New England Printing had a piece of equipment that cost $8,100 and on which $4,500 of accumulated depreciation had been recorded. The equipment was disposed of on Jan 4, the...
- Q The manufacturing costs of Erin Industries for three months of the year are provided below. Total Costs Production January $152,130 1,560 units February 192,920 2,210 March 124,020 910 Using the...
- Q Oman economy is heavily dependent on oil revenues. Crude oil accounts for more than half of total export earnings, The crude oil sector is the major contributor to the GDP...
- Q Which one of the following statements about difficulties of cost estimation is true? Select one: A. Data may not be based on normal operating conditions. B. Linear...
- Q Is it ethical for a fraud investigator not to include something in a report that she believes to be true and that would help her client but would increase the...
- Q Passive category income includes all the following except:A) HTKO (highly taxed income) B) Dividends C) Annuities D) Rents
- Q forecast and integrate capex and d&a fill in the rows where it says either "Capex" or "D&A" please show formulas used for them. ...
- Q PB 11. LO 10.3 Calculate a) cost of goods sold, b) ending inventory, and c) gross margin for B76 Company, considering the following transactions under three different cost allocation methods...
- Q Online Assignment #3 Saved The equity section from the December 31,2020 balance sheet of Kentucky Corporation appeared as follows: References Contributed capital: Common shares,...
- Q On January 1, 2015, Vacation Destinations issues $27 million of bonds that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear...
- Q On January 1, 2023, Entity D issued $600,000 of 5%, 5-year bonds at 98. The bonds pay interest annually on December 31 and Entity D amortizes any premium or discount...
- Q what was the sale priceof tinas dog bed if it cost $10 to make and her gross profit margin from selling the dog bed is 50%
- Q plus these requirements please, thank u Splash Paints is a national...
- Q Riverbed Company uses a flexible budget for manufacturing overhead based on direct labor hours. Budgeted variable manufacturing overhead costs per direct labor...
- Q I need help with this Financial Management Assignment please it needs to be in excel format NEED HELP ASAP
- Q La Empresa XYZ inform el siguiente resultado operacional para el 2021: Ventas (10,000 unidades) $100,000 Costos de manufactura variables (30,000) Costos de manufactura fijos (20,000) Costos de ventas y administrativos...
- Q beginrieg inventory, ourchases, and sales data for ternis rackets are as follows
- Q please write three complete and well-composed paragraphs where you use, as an example, a business that operates where you live and discuss whether you think that business uses accrual-based accounting...
- Q Prepare journal entries to record the following merchandising transactions of Cabela's, which uses the perpetual inventory system and the gross method. July 1 Purchased merchandise from Boden Company...
- Q A production department's output for the most recent month consisted of 10,000 units completed and transferred to the next stage of production and 10,000 units in ending Work in Process...
- Q what is the difference between a chapter 7 and chapter 11 bankrupcy action? what financial statement must a company file during chapter 11 reorganization?
- Q Jackie and Julie have been in a long-term relationship and get married on January 1, 2018. They intend to file a joint return for all years in which they are...
- Q La tintorera Rosie se inici el 1 de enero del ao 1. Experiment los siguientes eventos durante sus primeros dos aos de funcionamiento: Eventos que afectan el ao 1 ...
- Q Required: Calculate the stamp duty payable in New South Wales on the following transactions: (a) Building insurance of $136,000 for a premium of $300 (includes GST). (Show your workings.) (b)...
- Q A partially completed pension spreadsheet showing the relationships among the elements that comprise the defined benefit pension plan of Universal Products is given below. The actuary's discount rate is 5%....
- Q The average Japanese P/E ratio was reported as between 40 and 100 in recent years while the average U.S. P/E ratio was 25. The reason for the higher...
- Q Beginsing invmtory, purtuases ant sales data tor bve parers ars an fullpes
- Q Deena est abriendo su propia tienda de ropa formal. Decide contratar a dos vendedores para trabajar en la tienda, una persona para pedir la mercanca y una persona para organizar...
- Q question 7, please correct my mistakes Required information [The following information applies to the questions displayed below.] The following data is provided for...
- Q Ann Sacks has an annual salary of $30,000. Her employer established a Section 401(k) plan, providing that she may invest up to 12 percent of her salary in the plan....
- Q I am looking to award the equivalant of 10 questions worth of points to whoever can solve this for me! Be thourough and follow the directs. and please show your...
- Q Computation of Tax. The following information relates to two married couples: Lanes Salary (earned by one spouse) $32,000, Interest income 1,000 , Deductible IRA contribution 5,000, Itemized deductions 15,000 ,...
- Q Instructions: The audit profession is considered one of the important professions for society due to the number of users of financial statements who rely on it in making their economic...
- Q For Roche Inc., variable manufacturing overhead costs are expected to be $20,100 in the first quarter of 2017, with $4,160 increments in each of the remaining three quarters. Fixed overhead...
- Q the units of available for sale during the year were Mar 1 inventory 16 units $30 $480 June 16 Purchase 30 units $35 $1050 Not 28 purchase 45...
- Q Assume the following sales data for a company: 20X6: $1,000,000 20X5: 900,000 20X4: 750,000 20X0: 500,000 If 2008 is the base year, what is the percentage increase in sales from...
- Q Wock in process, lanisary 1,11,600 units, 65th completed *Dired ensterials (11,90039.00) 1128,148 . Converson (11,00065%=14,40) $94,400 $128,14833,744 Matersis assed ouring January from...
- Q Consider the following credit card activity for the month of September: Date Balance September 1 $0 September 8 $456 September 13 $1,186...
- Q the management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows: year investment. cash inflow 1. $61,000. $3,000 2. $5,000. $6,000 3. $12,000...
- Q Concord Trucking purchased a tractor trailer for $164100. Interline uses the units of activity method for depreciating its trucks and expects to drive the truck 1000000...
- Q On October 1, 2018, Northern Inc. purchased a patent for $ 206 000 cash. Although the patent gives legal protection for 20 years, the patent is expected to be used...
- Q This is where analysis of a transaction begins: Select one: O a. trial balance b. ledger C. source document d. journal
- Q Computing Depreciation and Accounting for a Change of Estimate In January 2016, Rankine Company paid $6,800,000 for land and a building. An appraisal estimated that the land had...
- Q newland and palernmo form a partnership.newland contributes land with a book value of $50,000 and a fair value of 60,000. Newland also contributes equipment with a book value of 52,000...
- Q Exercise 9-5 (Part Level Submission) Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2015, at a cost of $305,082. Over...
- Q Assume a debtor has issued a statutory demand to Mask R Us Pty Ltd for the non-payment of a $10,000 debt. Explain, with reference to the Corporations Act,...
- Q Su compaero de trabajo quera tener la tarde libre y amablemente accedi a terminar su trabajo por l. Utilice los asientos de diario completos proporcionados y publquelos en sus cuentas...
- Q please continue and identify and describe the two balance sheet liability classifications and explain the purpose of financial statement disclosures? Why do we need financial statements and how does it...
- Q Pluto Corp. sold goods, with a selling price of $15,021, for cash. The state sales tax rate is 10%. What amount is credited to the Sales Revenue account? A.$13,519 B.$15,021...
- Q Required information Skip to question [The following information applies to the questions displayed below.] Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000...
- Q please help In its income statement for the year ended December 31,2025 , Pharoah Inc. reported the following condensed data. Prepare a multiple-step income statement. (List...
- Q Alt ch. 21 Test the followine fixed budget dota for t $600,000 Co. prowides Sales (20,000 units Cost of sales: Direct materials Direct labor...
- Q Schuh, Inc. plans to produce 6,000 units in Month 1 and 7,000 units in Month 2. Each unit requires 3 pounds of direct materials that can be purchased for $2...
- Q What journal entry must be prepared when the company is notified by the bank that a customer's check that had been deposited in the amount of $776 was returned NSF?...
- Q Decisions on whether to outsource services such as payroll accounting and systems development are much like make-or-buy decisions. What cost factors should influence the decision on whether to outsource payroll...
- Q Which of the following is an example of the management activity referred to as planning? a. Developing a strategy for disposing of hazardous waste. b. Deciding to eliminate an unprofitable...
- Q 1. When the marginal product of labor increases, does the marginal cost of output rise or fall? Explain. 2. Once diminishing marginal returns take hold, does the marginal cost...
- Q Is my statement of cash flows correct? X practice 1 accounting Excel eric carson AutoSave c Tell me what you want to do Share File Home Insert Page...
- Q Exercise 12-10 a-b (Part Level Submission) Prior to the distribution of cash to the partners, the accounts in the Blossom Company are Cash $32,400;...
- Q The Olive Partnership makes a proportionate distribution of its assets to Jerry, in complete liquidation of his partnership interest. The distribution consists of $40,000 in cash and capital assets with...
- Q Ivanhoe Company issued bonds that had the following data associated with them: Interest to be paid is $46000. Interest expense to be recorded is $52000. Which of the following characteristics...
- Q The requirement for an applied liquid floor coating is a coating thickness of 0.14 inches when completed. Product A costs $50.00 per liter and dries to a thickness of 1.30...
- Q PLEASE HELP 1. Current Ratio (show your work) Calculate the current ratio does this ratio appear favorable or unfavorable? Why? ...
- Q Cheney Company sold a 20-ton mechanical draw press for $67,700. The old draw press cost $90,300 and had a book value of $62,000. Prepare the journal entry to record the...
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- Q 3. Is the total cost curve inversely related or directly related to the variable cost curve? Explain. 4. Are the average cost curves able to keep falling beyond their...
- Q 1. Identify the set of balanced forces from the following (2 marks) a. 100 N, -150 N, 200 N b. 70 N, -160 N, 90 N...
- Q You are the accountant in charge of coming up with the year end provision for bad debt expense for your company. What method would you use and why? Give a...
- Q Homework Please see problem. This is one question worth 25 points, and I need to make sure I understand the material before the test 26 25 points...
- Q 1) Discuss the difference between traditional costing and activity-based costing. 2) Explain the benefits and limitations of activity-based costing. ...
- Q With ratio analysis, when an item on the cash flow statement is compared to a balance sheet item: Group of answer choices the balance sheet item should first be calculated...
- Q A company has net sales of $2,039,800 and average accounts receivable of $434,000. What is its accounts receivable turnover for the period?
- Q please help
- Q how leadership can affect corporate performance in an organization especially during a crisis in the implementation of corporate strategy.
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